I am a capitalist.
And after a 30-year career in capitalism,
spanning three dozen companies, generating tens of billions of dollars in market value,
I'm not just in the top 1%, I'm in the top .01% of all earners.
Today, I have come to share the secrets of our success, because rich capitalists like me have never been richer.
So the question is, how do we do it?
The words of Nick Hanawa,
a super-wealthy American entrepreneur who argues that modern capitalist economies need a major rethink.
Welcome to a new season of the LSEIQ podcast,
where we ask social scientists and other experts to answer one intelligent question.
I'm Joanna Bale from the IQ team.
We work with academics to tell you about their latest research and ideas.
This month, we're asking, what's the future of capitalism?
We're going to meet a pair of young academics whose recent research on the economic effects of tax cuts for the rich went viral on social media and received record numbers of downloads.
You'll also be hearing why the greatest social levelling experiment of the 20th century,
the Russian Revolution, failed to erase the middle classes despite brutal repression.
But first, we're going to challenge a best-selling,
prize-winning author who grew up under communism but now lives in the UK to tell us which political system is better.
Albania in the 80s was a very isolated country.
It was very cut off, not just politically, but also economically.